Section 2: 2% Sanoumega Company had a $800 credit balance in Allowance for Doubtful Accounts at December 31, 2020, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible Current Accounts $120,000 1-30 days past due 20,000 4% 31-60 days past due 10,000 8% 61-90 days past due 10,000 15% Over 90 days past due 8,000 30% Total Accounts Receivable $168,000 Instructions Prepare the adjusting entry on December 31, 2020, to recognize bad debt expense. (b) Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $100 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's provision for uncollectible accounts